Eurozone real GDP seen up 1.3% in 2025, 1.2% in 2026, 1.4% in 2027 - EU Commission
(Il Sole 24 Ore Radiocor) - Milano, 17 nov - The eurozone's real domestic gross product (GDP) is expected to rise 1.3% this year, 1.2% in 2026 and 1.4% in 2027, according to the European Commission's autumn forecasts.
In its previous forecasts in May, the European Commission expected 0.9% growth this year and 1.4% growth in 2026.
Inflation in the bloc is projected to decline from 2.4% in 2024 to 2.1% in 2025 and 1.9% in 2026 before edging up to the European Central Bank's 2.0% target in 2027.
The eurozone's deficit-to-GDP ratio is seen rising from 3.2% this year to 3.3% in 2026 and 3.4% in 2027.
On the other hand, the unemployment rate in the euro area is projected to fall from 6.3% in 2025 to 6.2% in 2026 and to 6.1% in 2027.
Estimates for this year for the euro area now include 21 member states rather than 20 previously, since Bulgaria will.
join the eurozone on January 1.
(RADIOCOR) 17-11-25 11:38:24 (0249) 5 NNNN